An Iranian technician stands at an oil facility in the Khark Island.
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Iran is offering to swap exports of crude oil for imports of refined fuel as some European customers are unable to find banks to process payments, a sign the Middle Eastern nation is still struggling to regain markets since the removal of sanctions.Hellenic Petroleum SA, the Greek refiner that got as much as quarter of its crude from Iran before the European Union embargo, can't secure deliveries because banks won't process payments, said two people familiar with the matter.Several European banks approached by Hellenic have refused to handle transactions linked to Iran, the two people said, asking not to be identified.Even after the successful nuclear deal, some U.S. sanctions on Iran remain in place.
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